BNY Mellon profit misses estimates on lower fee revenue
Bank of New York Mellon Corp missed analysts’ estimates for quarterly profit on Wednesday, as lower client activity and a fall in assets under management pressured fee revenue.
U.S. handbags, shovels on $20 billion EU tariff list over Boeing
Handbags, tractors, shovels and fish are part of an 11-page list of U.S. imports worth $20 billion that the European Union on Wednesday said it could hit with tariffs in a transatlantic aircraft subsidy dispute.
BNY Mellon profit falls 20 percent on lower fee revenue
Bank of New York Mellon Corp reported a 20 percent fall in quarterly profit on Wednesday, as the world’s largest custodian bank’s fee revenue declined.
PepsiCo sales beats on boost from snacks, beverages
PepsiCo Inc beat Wall Street estimates for sales and profit on Wednesday, boosted by higher demand for its snacks, low-sugar sodas and other beverages across its major markets, sending its shares up about 2 percent before the bell.
Chief executive of China’s JD.com back in spotlight over civil suit accusation of rape
The personal life of JD.com chief Richard Liu returned to the spotlight of China’s social media on Wednesday, drawing 360 million views to briefly become the top trending item on the Twitter-like Weibo, after a civil lawsuit accused him of rape.
U.S. restrictions on Qatar Airways could lead to unraveling of aviation agreements: airlines
The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unraveling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday.
Foxconn’s Gou throws hat in ring for Taiwan presidency, with blessing of sea goddess
Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing.
Oil hits 2019 high above $72 on China growth, lower U.S. inventories
Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signaled firm demand, while global supply remained tight.
U.S. firms no longer ‘positive anchor’ for Beijing ties: AmCham in China
Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade tensions must address structural problems in China’s economic system.
EU banking watchdog ends probe of Estonian, Danish regulators over Danske Bank
The EU banking watchdog has closed an investigation of financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank after it did not find any breach of EU law, the Estonian FSA said on Wednesday.
